By the age of 30, there are people who have built themselves a business and taking benefit of that, they buy a house. However, other people are struggling to make money to support them. Here are some tips which might cut down your expenses.
And so Bright Stories has very kindly collected a few tips to make your life easier.
14.Children are expensive.
While it is the norm to believe that you need to have children at the age of 20, 25 and 30. This is however a tricky stereotype. The reality is that raising children is expensive and you must have children when you are totally ready. And that includes your finances. And you won’t have to constantly worry about money.
13.Nothing humiliating in asking for a promotion.
If you have worked at a stable position for quite some time now asking for a promotion will only improve your financial situation and so don’t be shy about looking after yourself and asking for promotions.
12.Rent is more convenient than buying a house.
Investing in real estate is a good decision for it is cheaper than paying so much more for mortgage. Secondly you will save up on the money you would otherwise spend on maintenance, taxes and furniture. So count all the financial aspects before making a logical decision.
11.Invest in your health and education.
No success without health. So you need to take care of yourself. Give yourself the due time and attention. Go on a vacation at least once a year, sleep well, eat healthy food. Plus a good education can take you out of darkness into the light.
10.Don’t invest in something you are unsure of.
Even if you want to hurry up and get rich. You need to have sober, calm and an intelligent mind when it comes to financial matters and situations. Allowing your emotions to take heed and investing in uncertain settlements can help you ruin all of your money. It is always better to consult experts to take a sensible assessment of the projects.
9.Don’t borrow to pay old debts.
This idea of borrowing money to get rid of old debts leaves you much further in debt than anything else. So it is much better to save some money up yourself.
8.Be connected and be social.
Adhering to the “A friend in court is better than a penny in the purse,” and there is much truth in it. Sometimes connections are much more important than money.
7.More efficient to buy necessities of good quality.
Clothes of better quality will serve their purpose better than clothes of a cheaper quality. And that goes for all necessities. So make list of all the things you need and try to purchase them during a sale.
6.Shun buying impetuously.
Buying things impetuously will buy you only temporary happiness but long lasting sorrow as it is not good for your tight budget.
5.Start saving cash for your old age.
Time is of the essence and it runs fast. Before you now it, you are old. So it is convenient to save up a little each day for a longer benefit.
4.Cook at eat in your home.
Some people don’t realize how expensive eating out is , in their preference for cafes and restaurants. It is better to cook and eat at home. You can also enjoy left overs.
3.Save your salary.
With the unpredictability of life you never know when you may require a good load of cash. So it is better to work on your ‘financial cushion’ and start saving.
2.Collaborate with your partner’s financial mind.
Partners should be undisputed in financial situations. Both of you should be cautious and mindful about you money. Both partners should take care of it and not let one of them is a spendthrift.
1.Find and alternate source of income in parallel.
If you are earning good amount its necessary to established another source of income in parallel because this world is unstable.And this will be defiantly favorable condition for you.